Aehr Test Systems (Ondo Tokenized) vs MicroStrategy xStock

MicroStrategy xStock (MSTRX) is 532.2× the size of Aehr Test Systems (Ondo Tokenized) (AEHRON) by market capitalisation. Over the past 30 days, AEHRON is ahead by 10.9 percentage points (AEHRON +21.8% against MSTRX +10.9%). Their daily returns move barely in opposite directions (correlation -0.02 across 35 shared trading days). Both have run at a similar volatility, around 103% annualised.

Correlation: -0.02
Size ratio: 1 : 532.2
Ahead over 30 days: AEHRON

Aehr Test Systems (Ondo Tokenized)AEHRON

$59.3600

24h: -5.67%
Market cap: $263,111
Volume 24h: $150,492
Volatility (ann.): 105%

MicroStrategy xStockMSTRX

$145.0300

24h: +10.68%
Market cap: $140.02M
Volume 24h: $4.06M
Volatility (ann.): 101%

AEHRON 0.2%Share of the two combined market caps99.8% MSTRX

Performance

AEHRONMSTRX

7 days+1.60%+0.26%AEHRON
30 days+21.76%+10.88%AEHRON

Correlation

-0.02over 35 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0490d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	AEHRON	MSTRX
Max drawdown (400d)	-47.2%	-18.3%
Risk-adjusted return (90d)	-0.02	0.38

Relative strength over 90 days: MSTRX outperformed AEHRON by 41.1% — measured on the AEHRON/MSTRX ratio, so it holds regardless of market direction.

Aehr Test Systems (Ondo Tokenized) →MicroStrategy xStock →